NEXON (OTCMKTS:NEXOY) Shares Cross Above 200 Day Moving Average – Here’s What Happened

Shares of NEXON Co., Ltd. (OTCMKTS:NEXOY) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$17.78 and traded as high as C$18.70. NEXON shares last traded at C$18.49, with a volume of 8,640 shares trading hands.

NEXON Stock Performance

The firm has a market capitalization of C$14.45 billion and a P/E ratio of 16.66. The company has a current ratio of 5.85, a quick ratio of 5.85 and a debt-to-equity ratio of 0.03. The business’s 50 day simple moving average is C$18.50 and its two-hundred day simple moving average is C$17.78.

NEXON (OTCMKTS:NEXOY) last issued its earnings results on Thursday, August 13th. The company reported C$0.24 earnings per share (EPS) for the quarter. The business had revenue of C$759.75 million during the quarter, compared to analysts’ expectations of C$729.73 million. NEXON had a net margin of 26.37% and a return on equity of 12.56%. Sell-side analysts anticipate that NEXON Co., Ltd. will post 0.83 EPS for the current fiscal year.

About NEXON

NEXON Co, Ltd. is a global game developer and publisher headquartered in Japan. Founded in 1994, the company is known for pioneering online games and for operating long-running live-service franchises across personal computers, consoles and mobile devices.

Its portfolio includes popular titles such as MapleStory, Dungeon&Fighter, Blue Archive, KartRider and The First Descendant. NEXON develops and publishes games through studios and subsidiaries in markets including Japan, South Korea, North America and Europe, serving players worldwide through digital distribution and ongoing content updates.

NEXON’s business is centered on creating, publishing and managing interactive entertainment, with revenue generated primarily through digital game services and in-game content.